Ojulari reacts as NNPCL, Chevron discover fresh oil well in Niger Delta
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, has reacted to the discovery of a fresh oil well in the Niger Delta by Chevron Nigeria Limited. The oil find was made at the Awodi-07 appraisal and exploration well in the shallow offshore western Niger Delta, under the NNPCL/Chevron […]
Dangote Refinery resorts to gasoline imports amid RFCC downtime
Dangote Refinery is facing fresh operational pressure as its Residual Fluid Catalytic Cracker (RFCC) remains shut for a prolonged period. According to global commodities intelligence firm Kpler, the downtime has limited the refinery’s ability to fully process crude, forcing it to adjust operations to keep other units running. To manage the challenge, the 650,000 barrels-per-day […]
N9.33tn unpaid liabilities: NEITI recovers $4.85bn from oil and gas companies in Nigeria
Transparency Initiative (NEITI) has recovered $4.85 billion from oil and gas companies that failed to pay their dues. This recovery is part of a total of $8.26 billion (about N9.33 trillion) in unpaid liabilities identified in NEITI’s 2021 oil and gas audit report. NEITI’s Executive Secretary, Dr. Orji Orji, shared this update during a press […]
Ultra Capital Energy Joins Forces with NIPEX and OGFZA to Strengthen Nigeria’s Oil and Gas Industry
Ultra Capital Energy Limited, a leading energy company and part of Capital Luxury Group, is making significant moves to expand its oil and gas services in Nigeria. The company has formed strategic partnerships with the Nigerian Petroleum Exchange (NIPEX) and the Oil and Gas Free Zones Authority (OGFZA) to enhance the country’s oil and gas […]